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Activist Starboard focusing on profitability at Salesforce, Splunk and Wix

By Svea Herbst-Bayliss and David French NEW YORK, Oct 18 (Reuters) - Activist investor Jeffrey Smith said on Tuesday his investment firm Starboard Value was currently involved with Wix.com WIX.O , Splunk SPLK.O and Salesforce CRM.N , and was engaged with management for ways to bolster valuations of these high-growth companies. Smith said the common theme among all three companies was that the level of growth they were promising had not translated into appropriate profitability and, therefore, va

Wall Street Journal - Oct 17

Oct 17 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Goldman Sachs Group Inc GS.N plans to fold its biggest businesses into three divisions, undertaking one of the biggest reshuffles in the Wall Street firm's history. - Activist investor Starboard Value LP has a sizable stake in Splunk Inc SPLK.O and plans to push the software maker to take action to boost its stock price.

UK Stocks-Factors to watch on Sept 27

Sept 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher with futures FFIc1 up 0.41% on Tuesday. * SHELL: Global aviation fuel demand is expected to fully recover to pre-pandemic levels of 300 mln tonnes per year in the next one to two years, the head of aviation at Shell SHEL.L said. * BOE: BOE said it would not hesitate to change interest rates and was monitoring markets "very closely", after the pound plunged to a record low and British bond prices collapsed in response to th

Wall Street Journal - March 3

March 3 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Amazon.com Inc AMZN.O workers at a second company facility in New York will vote on a union, escalating one of a growing list of labor battles for the e-commerce giant. Link - Target Corp TGT.N is sharply expanding its logistics footprint across the U.S.


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